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1 in 4 Canadians Can Only Afford the Minimum Payment on Their Credit Card

  Published August 24, 2026 · Canadian Money Brief A new survey from Equifax Canada puts a hard number on something a lot of us have felt creeping up all year: credit cards are doing more of the heavy lifting in Canadian budgets, and fewer people are paying them off. Of more than 1,500 Canadians surveyed, a quarter said they expect to make only the minimum monthly payment on their credit card, and another 7% think they'll fall behind entirely. That leaves just over half — 56% — who expect to pay their balance in full each month. The survey also found that 40% of respondents are spending more overall than they were a year ago, more than double the 18% who say they're spending less. Nearly 3 in 10 said they're leaning more heavily on credit cards to cover essentials like groceries and utilities, and close to a quarter are dipping into savings to keep up with everyday costs. More than a third have cut back on contributions to savings, investments, or education funds to make ro...
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Turkish F‑16 Presence in Cyprus Expands to Six Jets

 

                                            File photo: A Turkish F-16

The number of Turkish fighter jets stationed in northern Cyprus is set to increase from four to six, marking a notable escalation in the region’s military posture. 

A Rapidly Adjusted Deployment

Officials from the Turkish Cypriot civil aviation authority confirmed that while four F‑16s were initially expected, the plan was revised to deploy six aircraft instead. The jets are scheduled to arrive early Monday at Ercan (Tymbou) Airport in northern Cyprus.

Regional Tensions Drive Military Activity

The expanded deployment follows heightened tensions in the Eastern Mediterranean, fueled by ongoing conflict in the Middle East and a recent Iranian‑made drone strike that hit Cyprus last week. Multiple countries have since moved military assets closer to the island, underscoring the region’s growing volatility. 

Strategic Implications

The arrival of six Turkish F‑16s signals Ankara’s intent to reinforce its presence in northern Cyprus at a time of increased regional uncertainty. While officials have not detailed the jets’ operational role, the move is widely viewed as part of broader security recalibrations across the Eastern Mediterranean.


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